During the press conference yesterday afternoon, presenting the resale market figures for the third quarter of 2018 in the Alpes-Maritimes, Cyril Messika and William Siksik, co-presidents of FNAIM Côte d’Azur, took the time to review the major advancements that will be realized.
“If we take stock of the existing real estate market in the third quarter of 2018 in the Alpes-Maritimes, we notice a contrast in sales volumes depending on the geographic areas,” stated Cyrille Messika.
The figures confirm a stabilization in the rise of real estate prices over a sliding year, except in Antibes.
“The most expensive markets (Cannes and Menton) recorded an activity gain of more than 5% compared to the same quarter in 2017. Antibes and especially Nice, which concentrates the majority of the workforce, are lagging behind compared to last year’s activity. Over one year, prices have stabilized except in Antibes, which still records a small increase of 1.32%,” announced William Siksik.
In the Nice sector, the average price in the third quarter is 4,242 euros (-0.7% compared to the third quarter of 2017), resales are down 2%, again compared to the same period last year.
The two leaders then clarified certain points of the Elan law (Evolution of Housing and Digital Planning), which will be very soon approved by Parliament and is seen as a step forward compared to previous norms by industry professionals, such as:
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The recognition of the titles of Real Estate Agent, Property Administrator, and Co-ownership Trustee.
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The strengthening of the role of the National Council of Real Estate Transactions and Management: “the Elan bill revitalizes it by extending its field of competence to professional ethics, issues related to co-ownership, and paves the way for the effective establishment of the Disciplinary Commission.”
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The mobility lease: “a rental solution adapted for temporary situations (…) furnished lease without a mandatory security deposit with a duration between 1 and 10 months, aimed at tenants pursuing studies, apprenticeships, internships, civic service, professional transfers, or temporary missions in the context of their activity … and struggling to find housing due to lack of a permanent contract.”
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The revision every 5 years of the list of rental charges: “allowing it to be adapted to the evolution of society.”
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Facilitating the eviction of squatters: “end of the winter break, illegal occupants of housing will no longer benefit from the 2-month period between the order to leave the premises and their eviction.”
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The digitization of rental reports, anticipating a fully digitized future process: “an easier daily life but a profession wary of the government’s true objectives. This raises fears of a real nationalization of the property management profession, for the benefit of such administration or ministerial office. At stake, the possession of rental market statistics and the risk of generalizing rent freeze measures.”
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The control of short-term rental platforms: “primary residences cannot be rented more than 120 days per year. All rental advertisements must include the prior declaration number, proving that the owner has indeed obtained the authorization to rent seasonally.”
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Modernizing the governance of co-ownerships: “talks are underway about holding co-owner assemblies online, increasing the number of proxy votes that can be entrusted to a voter, the possibility of voting by proxy, creating a co-ownership board that can make decisions without consulting all co-owners …”
